Commonwealth Numbered Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 169

169.(1) The Trustee must, subject to subsection (2), hold the money on trust
for the applicant in accordance with the regulations.

(2) The trustee must comply with the requirements of the regulations in
relation to how the money so held on trust is to be dealt with (including, for
example, requirements about the payment to a person of the money and any
interest that has accrued).

(3) The trustee must not, intentionally or recklessly, contravene subsection
(1) or (2). Penalty: Imprisonment for 1 year.